Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Can you fill in the tables and answer the questions?
I would appreciate it If you could also explain how to plug this into a financial calculator.
Here's a link to a financial calculator: http://www.fncalculator.com/financialcalculator?type=tvmCalculator
Transcribed Image Text:Financial calculator
COMPARISON #2
Monthly payments for 10 years, annual interest rate of
6% compounded monthly.
Bi-weekly payments for 10 years, annual interest rate of
6% compounded bi-weekly.
Fill in the tables with the values you put in the calculator.
Select the better option (the least amount of total interest
paid)
Monthly
Bi-weekly
MONTHLY
Present Value
Payment Amount
Future Value
Annual Interest rate
Periods (number of
payments)
Compounding
Calculate Total Interest
paid:
WEEKLY
Present Value
Payment Amount
Future Value
Annual Interest Rate
Periods (number of
payments)
Compounding
Calculate Total Interest
paid:
32,000
0
Monthly
32,000
0
Bi-weekly
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